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A man wearing traditional Qatari clothing walks along a beachfront opposite new highrise buildings under construction on the man-made peninsula called The Pearl

US oil demand fell by 1.4 million barrel a day to 19.34 million barrel a day.

Finally, earlier in the week, the EIA said on Tuesday that USA crude oil production could hit a record 10 million barrels per day next year, up from 9.3 million bpd now.

Commodities brokerage Marex Spectron said it expects a "lower supply of crude oil on the physical market" in the coming weeks, lending oil prices some support. The country also produces 1.48 million barrels of oil per day and is a member of the Organization of the Petroleum Exporting Countries (OPEC).

The price for Brent crude oil was down 1 percent about 15 minutes before the start of trading in NY to $49.64 per barrel.

However, last night's data from the American Petroleum Institute (API) said USA inventories fell by 4.6m barrels last week, beating analysts' expectations.

World fuel production and consumption is roughly in supply and demand balance, at nearly 98 million bpd, although inventories remain somewhat bloated, according to the US Energy Information Administration (EIA).

Who will win the British general election?If the poll is accurate and the swing were uniform across the country, the Tories would be 17 seats short of an overall majority. YouGov's election model was based on voting intention figures which gave May a lead of just 3 percentage points, YouGov said.

Brent crude was trading at US$49.53 (RM211.17) per barrel at 0658 GMT (1458 in Malaysia), up 6 cents, or 0.1 per cent from its last close.

Oil prices across the globe were on the rise on Monday - a direct impact of the tensions in the Middle East - and an effect of the production cut by OPEC. US crude futures fell sharply, dropping more than 4 percent to $46.12 a barrel as of 11:04 a.m. ET (1504 GMT).

The United States Oil ETF (NYSEMKT: USO) traded down about 4.4%, at $9.53 in a 52-week range of $9.23 to $12.45.

Iran is the only OPEC member with room for growth under a current deal to stem production in an effort to balance the market. One week does not make a trend so I suspect investors may turn off the selling pressure until at least next week's EIA data is released. He pointed to high levels of crude production in the United States, the North Sea and the potential for rising output from Libya and Nigeria.

OECD liquid fuels consumption will increase from 46.85 million barrels per day in 2016 to 47.14 million barrels per day in 2017 and 47.5 million barrels per day in 2018, the report said.

Surplus oil in many parts of the world and developments with Qatar had traders nervous, even after Kuwait Oil Minister Essam al-Marzouq said Qatar remained committed to restricting crude output under an agreement between OPEC and several non-OPEC suppliers.

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A church bus carrying high school students and adults has crashed in the Atlanta area, leaving several people injured. Reporters on scene said people were loaded onto stretchers and one person was trapped in the bus.

The major indexes hit new all-time records despite lower-than-expected numbers from the latest jobs report. For the day, the Dow Jones Industrial Average closed at 21,144.18 for a gain of 135.53 points or 0.65%.

About 6.89 billion shares changed hands in USA exchanges, compared with the 6.72 billion daily average over the last 20 sessions. The greenback fell to seven-month troughs against the euro and Swiss franc, while sliding to a two-week bottom versus the yen.

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Chief among the new features are a trove of new watch faces, with the most intriguing one being the intelligent Siri one. Apple improved the fitness capabilities of the watchOS. watchOS 4 will hit all eligible wearables later this fall.

Finally the machine registers his breath. "You can't get him on a sleeping pill", said Weinstein, now a defense lawyer in Miami . Woods was confused but cooperative when he was taken into custody, on suspicion of DUI, according to a probable cause affidavit.

In the poll, 69 percent of registered voters said Trump tweets too much, up 13 points from a similar survey in December . The administration could plausibly argue that the President's social media usage is performed as a private person.

The sun was still rising Monday when Trump upended best-laid plans with a blitz of provocative statements delivered via Twitter . He also created the @ Stl_Manifest account , which tweeted out the names of Jewish passengers on the MS St.

And it knows that, for all its sci-fi promise, the smart speaker today is good mostly for one thing: playing audio on command. Apple concluded its Worldwide Developers Conference keynote on Monday with a sneak peek of an all-new product: The HomePod.

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